GBP/USD is supported in the range of 1.2909 levels and now trading at 1.2944 levels.

-Crude inventories fell 7.56 million barrels last week, the EIA said. Oil prices rose after dropping in recent weeks to levels not seen since the end of past year as investors lost faith in a deal between the Organization of the Petroleum Exporting Countries and non-OPEC producers to reduce output. The currency traded in a range of C$1.2722 to C$1.2771. It peaked to hit session high at 113.46 and made session lows at 113.13 levels.

She says that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year as long as the economy keeps performing as expected.

Federal Reserve Chair Janet Yellen has begun her testimony before the House Financial Services Committee. The S&P 500 rallied back to retake its early-morning high.

Meanwhile, the Nasdaq Composite Index rose 67.87 points, or 1.1%, to 6,261.17, for a fourth straight day of gains.

Wall Street posted slight gains on Thursday and the Dow hit another record high close, with financials rising ahead of profit reports due Friday from several big us banks.